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Yangzijiang kept at 'hold' by Credit Suisse on $614 mil contract win potential

PC Lee
PC Lee9/28/2017 03:06 PM GMT+08  • 2 min read
Yangzijiang kept at 'hold' by Credit Suisse on $614 mil contract win potential
SINGAPORE (Sept 28): Credit Suisse is maintaining its “hold” call for Yangzijiang Shipbuilding on its potential to win contracts worth more than US$450 million ($613.5 million) for six very large ore carriers (VLOCs) from Vale.
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SINGAPORE (Sept 28): Credit Suisse is maintaining its “hold” call for Yangzijiang Shipbuilding on its potential to win contracts worth more than US$450 million ($613.5 million) for six very large ore carriers (VLOCs) from Vale.

According to Tradewinds, Vale has firmed up long-term contracts for at least 30 very large ore carrier (VLOC) newbuilds with seven shipping companies.

These are 10 units for South Korea's Polaris Shipping, four units for Pan-Ocean, two units each for H-Line Shipping, SK Shipping and Korea Line Corp as well as six units for China's ICBC Financial Leasing and four for Cosco.

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